EFAB Report: Evaluating Stormwater Infrastructure Funding and Financing

The Environmental Financial Advisory Board (EFAB) is pleased to submit our report, Evaluating Stormwater Infrastructure Funding and Financing, which was developed by an EFAB Task Force in response to Section 4101 of the 2018 America’s Water Infrastructure Act (AWIA). Through extensive assessment and discussion, the EFAB has concluded that current stormwater funding mechanisms and public education initiatives are not sufficient to confront the significant needs across the nation. Federal investment is required to address the lack of state and local funding and to improve multi-jurisdictional stormwater management. Programs and investments similar to those that support the drinking water and wastewater sectors are needed for the stormwater sector to close the estimated $7-10 billion annual funding gap.